US to probe Technology giants’ power

US to probe Technology giants’ power

solomon7 /

The technology giants need to be wary as the US Justice Department has announced that they will investigate the leading platforms. They will examine whether they are unfairly restricting the competition. The Department of Justice has not named any companies they will investigate but top firms like Facebook, Google, Amazon, and Apple will likely be scrutinized.

The DoJ has said that the investigation is sparked by “widespread concerns” about “search, social media, and some retail services online.” This scrutiny will be the latest tech firms’ power over the US economy. The Department of Justice is too powerful that they can investigate any firm suspected of breaching competition laws. They can even break up the top companies that they think are too powerful.

Department of Justice is not alone in this venture as the US Federal Trade Commission is already looking into similar concerns, while the European Union are investigating on their behalf as well. It was reported last month that the Justice Department is preparing an investigation of Google. The suspicions are they Google had broken anti-trust law.

The US Department of Justice has said that the anti-trust review would consider “whether and how market-leading online platforms have achieved market power and are engaging in practices that have reduced competition, stifled innovation or otherwise harmed consumers”. The main issues that they will investigate are how the big tech firms were able to grow so much in size, power, and expanding their additional businesses.

Assistant Attorney General Makan Delrahim, who heads the Anti-trust Division, said in a statement that, “Without the discipline of meaningful market-based competition, digital platforms may act in ways that are not responsive to consumer demands.” They have not named the companies under investigation but it is assumed that Apple, Amazon, Facebook, and Google will be the hot targets.

Staff writer for the Chicago Morning Star

Related Posts
Google hinders Huawei to become the top smartphone brand
Huawei had a goal to be the top smartphone brand in the world till the
Google ditches the plans of opening retail-like store in Chicago
It seems Google has backed away from the plans of opening an Apple Store-like retail
Google will create hundreds of jobs in Chicago
The city has announced that Google have chosen Chicago as hub for their finance team
US District Judge sentenced Chicago man to 22 years in Prison
Bryan Osborne, 30-year-old, was charged with recruiting the minors to engage in the sex acts.
Viral video shows brutal attack on a teenager with mental disability
A video has gone viral on social media in which a teenager can be seen
I am not a fan of cryptocurrencies: Trump says
Trump said that he is not a fan of Facebook’s Libra. He demanded the cryptocurrencies
Another Chicagoan charged in ‘Romance’ scam
An 8th Chicagoan is charged in online ‘Romance,’ ‘Mystery Shopper’ scam. He is the 10th
Facebook puts ban on US extremists
Facebook is taking a revolutionary step by banning all the extremist figures on their platform.
The Police has prevented a Man from making National News
The police have done an amazing job and arrested a man from Franklin Park. They
Hurricane Lee, the first Category 5 storm of the season, plows into open Atlantic waters
Puerto Rico's San Juan (AP) — On Friday, Hurricane Lee roared across the warm waters